Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Global Assets Advisory LLC

Global Assets Advisory LLC decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 839 shares of the semiconductor company’s stock after selling 43 shares during the period. Global Assets Advisory LLC’s holdings in Synopsys were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth boosted its holdings in shares of Synopsys by 60.7% during the fourth quarter. Focus Partners Wealth now owns 37,517 shares of the semiconductor company’s stock worth $18,221,000 after purchasing an additional 14,167 shares during the last quarter. Fosun International Ltd purchased a new position in Synopsys during the fourth quarter worth about $233,000. Ethic Inc. boosted its stake in Synopsys by 42.8% in the 4th quarter. Ethic Inc. now owns 16,610 shares of the semiconductor company’s stock worth $8,062,000 after buying an additional 4,982 shares during the last quarter. FORA Capital LLC purchased a new stake in Synopsys in the 4th quarter valued at about $247,000. Finally, Deutsche Bank AG increased its stake in shares of Synopsys by 6.8% during the 4th quarter. Deutsche Bank AG now owns 807,355 shares of the semiconductor company’s stock valued at $391,858,000 after acquiring an additional 51,733 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. KeyCorp reduced their target price on Synopsys from $690.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Mizuho lowered their price target on Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus target price of $613.43.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. This trade represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Performance

SNPS stock opened at $482.69 on Friday. The stock has a 50-day simple moving average of $437.18 and a 200-day simple moving average of $489.10. The firm has a market cap of $74.63 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.